International Innovation Conference at the University of Waterloo

On July 10-11, 2013, the International Conference on Innovation was held in Waterloo, ON.

One of the conference organizers was CERBA – Canada Eurasia Russia Business Association. The main topic of the conference was creation and growth of small and medium innovation businesses with international focus at large science hubs. The purpose of the conference was to promote innovation among youth and to stimulate productive collaboration among scientific&educational institutions and industrial  enterprises, development of professional collaboration and international cooperation, and creation of an open environment for cooperation, education and knowledge exchange.

The first day of the conference included three  sessions:

1: Commercialization of Innovations Projects in the Global Market: Challenges and Perspectives
2: The Economics of Leadership and Innovation
3: Innovation Journey: Path to success.

The fourth session (on the next day) was on academia and industry collaboration.

The speakers were renowned educators, scientists, CEOs, heads of research centers, government representatives, embassy officials etc. Some of the keynote speakers were: George Wright, Director, Global Industrial Partnerships, Office of Research, University of Waterloo; Peter Molnar, Advisor, International Research Collaborations, Ministry of Economic Development, Trade, and Employment, Ministry of Research and Innovation; Emil Strumban, Director, Multinational Startups, International Centre for Innovative Technology Transfer; Alina Pekarsky, President, Sci-Tech Ventures Associates; Senior Account Executive, Russia & CIS Programs, Schulich Executive Education Centre, York University; Irina Muhina, Managing Director, Manulife Asset Management Centre; Cedric Jeannot, CEO, I Think Security, and many others.

Here is what Peter Braid, MP, Kitchener-Waterloo said during his welcome remarks: “Waterloo Region is well-known as a centre of technology and innovation. Our first-rate universities and research institutions attract bright young minds that are generating new and exciting discoveries that will change the world. At the same time, our supportive ecosystem helps to channel this creativity towards economic opportunities that will ensure a prosperous future”.

The audience wanted to learn more about the Canadian Foreign Investments regulations and how Canada provides incentives to the foreign investors from different industries. The panelists explained that Canada has a decentralized approach between Federal and Provincial Government having differing strategies when it comes to attracting foreign investments and the related regulations. Moreover, they noted that the government at various levels provides tailor made incentive packages to each individual FDI project. The Canadian government is focused on creating an innovative commercially-dynamic and entrepreneurial-friendly business climate which will attract more FDIs. The country doesn’t offer specialized incentives to foreign investors, however they have a strategy to stimulate investments in innovative industries.

The advice that the speakers gave to the entrepreneurs is to never go alone, instead they should seek technological soulmates. Stay persistent; don’t expect too much help from the government. On the other side, students should be encouraged to implement their ideas and find professors who will continuously support and motivate them. And, most importantly, students were advised to create a great network of professionals around themselves in order to realize their goals more efficiently.

After the end of the conference, the attendees were taken for a tour in the Communitech hub, an innovation hub where industry leaders, startups, and students come together.

Communitech outside
Velocity
They were told a success story of Bufferbox, an innovative and successful startup based in the Hub.
BufferboxBufferBox Inc. is a Canadian startup company from the University of Waterloo, Ontario, Canada co-founded by Jay Shah, Aditya Bali, and Mike McCauley. It is a service offering users a temporary parcel pickup station for packages ordered online. After conducting a pilot trial at the University of Waterloo, the service began spreading to various locations in the Greater Toronto Area. A deal was announced in early November 2012 to install kiosks at GO Transit stations.
In 2012 BufferBox had been acquired by Google for more than $25 million. The acquisition is seen as a step to compete with Amazon’s Locker service.

Virtualreality A demonstration of virtual reality environment (created by a company member of the Hub) for the conference attendees.

2012 YOU Innovate Canada Tournament Deadline for sign up: October 15, 2012

The Canadian Youth Business Foundation (CYBF) is pleased to announce that the Honourable Maxime Bernier, Minister of State (Small Business and Tourism), has announced the YOU Innovate Canada secret everyday household object in Ottawa and already generating a lot of social media buzz. The 2012 YOU Innovate Canada tournament object is……an egg carton.
Participants are asked to turn an egg carton into something valuable for the chance to win a share of $10,000 in cash awards and a trip to Rio de Janeiro, Brasil to attend the 2013 Global Entrepreneurship Congress. Winners will be announced during Global Entrepreneurship Week, November 12-18, 2012. Full details can be found on the website: www.cybf.ca/youinnovate
Sign up for the tournament today at:  https://yitc.myreviewroom.com

Launch your Start-Up! A new program that teaches business skills and gives $30,000 of seed capital

If you are an entrepreneur with a degree in Science, Technology, Engineering or Mathematics in Southern Ontario, and are looking for business support services and financing to successfully launch and manage your start-up business, VentureStart is an ideal opportunity you should explore.
VentureStart is a new program that enhances the success rate of start-up enterprises by providing essential business training for technology entrepreneurs. Plus, your start-up enterprise has the opportunity to be approved for matching seed financing of up to $30,000 (subject to approval).
See details on www.venturestart.ca

New prizes available for completing the 2011 Mobile Innovation Survey

In addition to Microsoft Canada’s prize offer of a Windows Phone 7 smart phone, OCAD University has kindly offered a lunch with Dr. Sara Diamond at Spoke as a prize for completing the 2011 Mobile Innovation Survey.
The survey is designed to gather responses from companies that are either producing products and services for mobile devices or are providing enabling technology and services to companies that are building mobile products and services.

Plus, MEIC is offering one free registration to the Mobile Accelerator Program (MAP). More information on MAP is available here: http://www.meic.ca/mobile-accelerator-program

MEIC needs to have 250 completed surveys by the end of this year. Please help MEIC reach their goal by completing the survey now:
http://5965502.polldaddy.com/s/mobileinnovation

MIT Open Course Ware for Entrepreneurship in Innovation

Innovation forum 2009 with the City of Toronto – registration is now open

Who Should Attend?

Those who want to learn how to succeed in developing an innovative idea into a business venture

Aspiring Entrepreneurs and existing business owners

Investors looking to find business opportunities

Those who want to establish a wealth of innovation and business network contacts.

Come spend a day of creative thinking, innovation, education and business networking! For more information or to register, visit www.enterprisetoronto.com regularly for updated schedules, topics and speakers.

Opportunity, creativity and entrepreneurship – Innovation Forum 2009

Tuesday, June 16, at the North York Civic Centre, 5100 Yonge Street, 8:30 a.m. to 4:00 p.m.
The admission is free.

Innovation forum 2009 with the City of Toronto

Who Should Attend?

Anyone that wants to learn how to be a better creative thinker and innovator

Those who want to learn how to succeed in developing an innovative idea into a business venture

Current and future innovators and inventors

Aspiring Entrepreneurs and existing business owners

New immigrants eager to use their innovative skills and experiences in business

Investors looking to find business opportunities

Those who want to establish a wealth of innovation and business network contacts.

Come spend a day of creative thinking, innovation, education and business networking! For more information or to register, visit http://www.enterprisetoronto.com regularly for updated schedules, topics and speakers.

Opportunity, creativity and entrepreneurship – Innovation Forum 2009

Tuesday, June 16, at the North York Civic Centre, 5100 Yonge Street, 8:30 a.m. to 4:00 p.m. Free admission! Registration coming soon, seating is limited!